Real Trends
FEBRUARY 28, 2023
We are two months into 2023 and even while Altos has been reporting surprisingly resilient home-buying activity, there is not nearly enough demand to change the view that home prices will be flat to slightly down for the year nationally. As the pricing data for 2023 becomes more mature, it shows how quickly last year’s prices will catch up with this year’s.
Housing Wire
FEBRUARY 28, 2023
The 2022 housing market was largely characterized by the swift slowdown in demand caused by rapidly rising mortgage rates. However, even as existing home sales fell 17.8% year over year in 2022, according to data from the National Association of Realtors , home prices still managed to rise 5.8% for the year as a whole, according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday.
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Keeping Current Matters
FEBRUARY 28, 2023
After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too may be wondering if now’s the right time to buy or if you should hold off on your search until rates come back down.
Housing Wire
FEBRUARY 28, 2023
Digital mortgage lender and nonbank home loan provider Better.com has launched “Equity Unlocker,” a mortgage innovation that allows employees to pledge vested stock equity as collateral for a down payment without selling their stock. “At Better, our mission is to make homeownership cheaper, faster and easier for all Americans,” Better CEO and founder Vishal Garg said.
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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.
Real Estate News
FEBRUARY 28, 2023
The Case-Shiller and FHFA housing indices for December showed further cooling of home prices in all metros.
Housing Wire
FEBRUARY 28, 2023
Independent mortgage lender New American Funding (NAF) has partnered with hyper-local news platform Patch to become its exclusive mortgage provider, the company announced on Tuesday. Through this partnership, NAF will be featured in Patch’s weekly newsletters in more than 1,200 communities nationwide, and the mortgage and real estate verticals on Patch’s community websites. “This partnership will put our company in front of millions of people, giving us a great opportunity to e
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
FEBRUARY 28, 2023
In its Q4 earnings statement on Tuesday, mortgage technology giant Black Knight remained tight-lipped regarding the Politico report that the U.S. Federal Trade Commission (FTC) will block its potential merger with Intercontinental Exchange Inc. The call instead focused on its slimmer organic growth in 2022 amid operational challenges for its clients, which stemmed from high interest rates.
Real Estate News
FEBRUARY 28, 2023
Revenue was $1.1 billion, down 31% compared to Q4 2021, but cost-cutting measures may be stemming the tide of losses.
Housing Wire
FEBRUARY 28, 2023
Gathering of Eagles kicks off on June 18. It will be here before you know it! As the conference quickly approaches, so does the deadline to lock in the exclusive room rate for Omni Barton Creek in Austin, Texas. Take advantage of staying on the property and being close to all the conference sessions and networking events by locking in the Gathering of Eagles room price of $279/night before the block closes on May 18, 2023.
Real Estate News
FEBRUARY 28, 2023
The Washington-based real estate giant missed revenue estimates in Q4 but increased agent count to more than 86,000.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Housing Wire
FEBRUARY 28, 2023
Virginia-based mortgage bank Prosperity Home Mortgage, LLC has acquired the assets of Arizona-based JFQ Lending, LLC to explore the direct-to-consumer channel. “Prosperity has been looking to add a direct-to-consumer business line for some time,” Justin Messer , president and CEO of Prosperity, said in a statement. “By adding JFQ’s technology stack, proven sales process, and seasoned leadership team, Prosperity is well positioned to execute its goal of becoming a significant force in the consume
Inman
FEBRUARY 28, 2023
New data from John Burns and Redfin shows that investor activity slowed toward the end of 2022 but still accounted for about a quarter of home sales. That's up from about 11 percent in 2001.
Housing Wire
FEBRUARY 28, 2023
Just two weeks after announcing the sudden retirement of longtime executive Jay Farner , Rocket Companies reported a fat financial loss in the fourth quarter of 2022, its largest ever. And things aren’t getting any easier in a depressed originations environment. The Detroit-headquartered lender suffered a $197 million non-GAAP net income loss in the fourth quarter, on the back of a $166 million loss in the third quarter, when the company also lost the title as America’s largest mor
Inman
FEBRUARY 28, 2023
Through Better's Equity Unlocker program, borrowers pay a higher interest rate and Better can seize pledged shares if homeowners default or try to sell their stock before paying off their mortgages.
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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.
Housing Wire
FEBRUARY 28, 2023
HousingWire recently spoke with Adam Carmel, founder and CEO of Polly, about the benefit of vendor options in a historically gridlocked tech ecosystem. HousingWire: Like most industries, the mortgage industry has historically had key, dominant players that lenders must work with in order to remain operational. Have you seen that pattern shift over the past year, or do you see that shifting in the future?
Inman
FEBRUARY 28, 2023
Former Keller Williams CEO John Davis says he wants his claims decided through a public trial rather than arbitration. KW says Davis's claims are "unsubstantiated, unwarranted, and disparaging.
Lighter Side of Real Estate
FEBRUARY 28, 2023
When you’re looking at houses it’s important to take a really good look at every inch of the house you’re going to buy. But there are some things you have no business looking at when you’re looking around a seller’s home. You could probably use common sense to figure out what you shouldn’t be snooping around in by thinking about whether you’d be embarrassed if the owner caught you snooping.
Inman
FEBRUARY 28, 2023
As "motivator and chief encourager" of Berkshire Hathaway HomeServices, Budnick said she's bullish about the upcoming year. Agents who get down to business will thrive, she added.
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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.
Sotheby's International Real Estate
FEBRUARY 28, 2023
In the early years of the 20th century, appealing tree-lined streets with grand Edwardian- and Tudor-style estates of San Francisco’s prestigious Presidio Heights enclave attracted an array of local notable families. Today, popular boutiques, trend-setting restaurants, and the Presidio’s alluring greenery, trails, golf, picnic areas, and beachfront augment the appeal.
Inman
FEBRUARY 28, 2023
In a market where listings are still scarce, a mid-career agent is having difficulties. What can the broker do for an agent in this position, who is completely strapped for cash?
Realty Biz
FEBRUARY 28, 2023
Knocking out a wall is one of the biggest interior home renovations to be concerned about. This can open up and transform a space. However, there is a lot you need to pay attention to before you start using the sledgehammer. Moving a wall is not as simple as it sounds. Let’s take a look at what you need to know before knocking out a wall. You may find that this project is more difficult than it sounds.
Inman
FEBRUARY 28, 2023
Home price growth fell 5.8 percent annually in December, down from a 7.6 percent gain a month earlier, the latest S&P CoreLogic Case-Shiller Index shows. The FHFA also recorded a chill in appreciation.
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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.
Realty Biz
FEBRUARY 28, 2023
Are you looking for a deal on your next home? A HUD house could be the answer. While 4.8 million households receive housing assistance from HUD annually, HUD houses are available to anybody with the funds to purchase one. Department of Housing and urban development Yes, we know. It can be somewhat confusing to understand. HUD housing is a program offered by the Department of HUD or Housing and Urban Development.
Inman
FEBRUARY 28, 2023
Having tough conversations about real estate can be difficult when the news isn’t ideal — but remember that your clients are asking you because they trust you and your expertise. By being prepared for these conversations, you are serving them when they need you most.
Bigger Pockets
FEBRUARY 28, 2023
You’re not alone if you’re unfamiliar with land trust affiliate marketing. However, it is quickly becoming a popular real estate marketing strategy—and can be a highly effective one at that!
Inman
FEBRUARY 28, 2023
Industry solutions provider of more than 50 years, Rappatoni will leverage the full brunt of Restb.ai's unique image intelligence capabilities.
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Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.
Realtors Property Resource
FEBRUARY 28, 2023
Amazon bestselling author of "YouTube for Real Estate Agents,” Karin Carr shares her expertise on video as a lead-generating machine and how agents can cut through excuses and get started with video marketing. The post Decoding Real Estate: Video as a Lead Generating Machine with Karin Carr appeared first on Realtors Property Resource (RPR).
Inman
FEBRUARY 28, 2023
In a Q4 earnings report Tuesday, Compass announced that between October and December of last year, it brought in $1.11 billion in revenue, down from $1.6 billion during the same period in 2021.
The Close
FEBRUARY 28, 2023
I don’t think anyone here would be shocked if I said that most real estate company names these days are boring at best. So before you name your real estate company “Superior Realty,” check out our 89 examples of great real estate company names. You can also avail yourself of our free real estate company name generator, review our nine rules for choosing a great real estate company name, read advice from five real estate branding experts, and learn how to use artificial intelligence (AI) to help
Inman
FEBRUARY 28, 2023
CEO Robert Reffkin floated the idea of a franchise brand during an earnings call Tuesday, describing it as a "more profitable" method of growing the business.
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